Philip James Wealth Mangement LLC Sells 27,724 Shares of JPMorgan Ultra-Short Income ETF $JPST

Philip James Wealth Mangement LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 196,708 shares of the company’s stock after selling 27,724 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.2% of Philip James Wealth Mangement LLC’s portfolio, making the stock its 19th biggest position. Philip James Wealth Mangement LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,979,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. American National Bank & Trust purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $38,000. Frazier Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth $41,000. Finally, Quaker Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

JPST stock opened at $50.63 on Friday. The stock has a market cap of $35.86 billion, a P/E ratio of 110.07 and a beta of 0.01. The stock’s fifty day simple moving average is $50.66 and its two-hundred day simple moving average is $50.65. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

JPMorgan Ultra-Short Income ETF Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.